As the highly anticipated year-end shopping season such as 12.12 Sales draws near, Palo Alto Networks urges heightened cybersecurity vigilance. This period sees a surge in online activities and financial transactions — from scouring for the best shopping deals to holiday travel bookings, ticket purchases, and cross-border money transfers for holiday gifts— this holiday shopping season is a prime time for cybercriminals to take advantage of the unsuspecting digital shoppers through phishing scams, fraudulent websites, and payment fraud.
The impact is evident in the losses reported in the Philippines in 2024, totaling $8.1B due to online scams. With online activity set to surge during the upcoming shopping season, this underscores the critical need for heightened cybersecurity awareness.
